INDmoney Vs Progressive Share Brokers
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney Vs Progressive Share Brokers - Broker Details
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 1996 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX and NCDEX |
| Branches | 966 | 3 |
| Brokerage | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Broker Type | Discount Broker | Full Service Broker |
INDmoney Vs Progressive Share Brokers - Account Opening & AMC Charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
INDmoney Vs Progressive Share Brokers - Brokerage charges & Plans
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | N/A | 0.04% per order |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.35% per order |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹35 per lot |
| Commodity Options | N/A | ₹35 per lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹15 per lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.04% per order |
INDmoney Vs Progressive Share Brokers - Other Charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹50 per order |
| API Charges | N/A | Free API |
| Call & Trade Charges | ₹50 per position | Rs. 20 (+ GST) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.04% per order |
INDmoney Vs Progressive Share Brokers - Transaction Charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | Exchange txn charge: 0.035% |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE: 0.0019% |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE: 0.053% on premium value | NSE: 0.05% (on premium) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
INDmoney Vs Progressive Share Brokers - Margin (Exposure)
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
INDmoney Vs Progressive Share Brokers - Features
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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INDmoney Vs Progressive Share Brokers - Review & Rating
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
INDmoney Vs Progressive Share Brokers - Request a call back from Broker
| INDmoney | Progressive Share Brokers | |
|---|---|---|
INDmoney Vs Progressive Share Brokers - Investment Options
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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INDmoney Vs Progressive Share Brokers - Order Type
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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INDmoney Vs Progressive Share Brokers - Research & Report
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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INDmoney Vs Progressive Share Brokers - Daily Market Report
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Daily Market Reports & News |
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INDmoney Vs Progressive Share Brokers - Suitable For Investor
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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INDmoney Vs Progressive Share Brokers - Pros & Cons
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
INDmoney Vs Progressive Share Brokers - Background
| INDmoney | Progressive Share Brokers | |
|---|---|---|
INDmoney Vs Progressive Share Brokers - Compare All Brokers
| INDmoney | Progressive Share Brokers | |
|---|---|---|
INDmoney Vs Progressive Share Brokers - STT/CTT
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell (On Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Progressive Share Brokers - Demat transaction charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹10 per request |
INDmoney Vs Progressive Share Brokers - GST
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
INDmoney Vs Progressive Share Brokers - SEBI Charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Progressive Share Brokers - Account Opening & AMC Charges
INDmoney
Progressive Share Brokers
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
INDmoney Vs Progressive Share Brokers
| INDmoney | Progressive Share Brokers | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney Vs Progressive Share Brokers - Brokerage charges & Plans
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | N/A | 0.04% per order |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.35% per order |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹35 per lot |
| Commodity Options | N/A | ₹35 per lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹15 per lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.04% per order |
INDmoney Vs Progressive Share Brokers - Margin (Exposure)
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
INDmoney Vs Progressive Share Brokers - Other Charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹50 per order |
| API Charges | N/A | Free API |
| Call & Trade Charges | ₹50 per position | Rs. 20 (+ GST) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.04% per order |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.04% per order |
INDmoney Vs Progressive Share Brokers - STT/CTT
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell (On Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Progressive Share Brokers - Demat transaction charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹10 per request |
INDmoney Vs Progressive Share Brokers - GST
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
INDmoney Vs Progressive Share Brokers - SEBI Charges
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Progressive Share Brokers - Features
| INDmoney | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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